The staggering of wage and price decisions suggests that:
A) people do possess rational expectations.
B) the Lucas critique is entirely correct.
C) the economy will adjust slowly to shocks even if people possess rational expectations.
D) people do not possess rational expectations.
E) real business cycle theory is correct.
Correct Answer:
Verified
Q1: The IS- LM model was developed by:
A)
Q2: According to Keynes:
A) inflation is always and
Q4: Which of the following was not part
Q5: Which of the following events led to
Q6: The steeper is the IS curve:
A) The
Q7: The research by Robert Hall on the
Q8: Which of the following is an implication
Q9: Which of the following statements about Keynes'
Q10: The theories of investment were developed by:
A)
Q11: Liquidity preference refers to:
A) the controversy sparked
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